 | David Ricardo - Economics - 1919 - 526 pages
...art, of the producers. § 36. Jlhe market-price of labour is the price which is rj-eally paid for jt, from the natural operation of the proportion of the...labour is dear when it is scarce, and cheap when it is plentiful. However much the market price of labour may deviate from its natural' price, it has, like... | |
 | Charles Earle Raven - Christian socialism - 1920 - 420 pages
...either increase or diminution. . . . The market price is the price which is really paid for labour, from the natural operation of the proportion of the supply to the demand. However much the market price may deviate from its natural price, it has, like commodities, a tendency... | |
 | Paul Ghio - Economics - 1923 - 212 pages
...is really paid .. i for it, from thé natural opération of thé proportion of thé supply to thé demand ; labour is dear when it is scarce and , cheap when it is plentiful. However much thé market priée of labour may deviate from its natural priée, it bas, like... | |
 | Charles Larrabee Street - Individualism - 1926 - 186 pages
...changed. On the first of the three points mentioned above Ricardo says: "The mtrket price of labor is the price which is really paid for it, from the...operation of the proportion of the supply to the demand; labor is dear when it is scarce, and cheap when it is plentiful. . . . However much the market price... | |
 | David Ricardo - Economics - 1928 - 376 pages
...each]94 with sufficient nicety.* * Note. Looking to my Chap. on wages I see page 87. The market price of labour is the price which is really paid for it,...labour is dear when it is scarce, and cheap when it is plentiful. page 88. " Notwithstanding the tendency of wages to conform to their natural rate, their... | |
 | John Bowditch, Clement Ramsland - Communism - 1961 - 210 pages
...of labour, and by the increasing skill, both in science and art, of the producers. The market price of labour is the price which is really paid for it,...labour is dear when it is scarce and cheap when it is plentiful. However much the market price of labour may deviate from its natural price, it has, like... | |
 | Alan W. Bellringer, C. B. Jones - English prose literature - 1980 - 176 pages
...distribution of labour, and by the increasing skill, both in science and art. of the producers. l48 labour is dear when it is scarce, and cheap when it is plentiful. However much the market price of labour may deviate from its natural price, it has, like... | |
 | Takashi Negishi - Business & Economics - 1985 - 230 pages
...conveniences required for the support of the labourer and his family. . . . The market price of labourer is the price which is really paid for it, from the...labour is dear when it is scarce and cheap when it is plentiful. However much the market price of labour may deviate from its natural price, it has, like... | |
 | R. D. Collison Black - Biography & Autobiography - 1986 - 268 pages
...subsequently introduces the 'market price of labour', this being 'the price which is really paid . . . from the natural operation of the proportion of the supply to the demand' ( I, p. 94). 'However much the market price of labour may deviate from its natural price', he continues,... | |
 | John Cunningham Wood - Business & Economics - 1991 - 686 pages
...the determination of market equilibrium. As for the market wage rate Ricardo writes: The market price of labour is the price which is really paid for it,...labour is dear when it is scarce, and cheap when it is plentiful. [5, p. 94] Hence, if capital increases: ... the market rate of wages will rise, for in proportion... | |
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The market price of labour is the price which is really paid for it, from the natural operation of the proportion of the supply to the demand; labour is dear when it is scarce and cheap when it is plentiful. However much the market price of labour may... 
